Hey, trader,
It’s been a fantastic trading week, but every day can’t be all champagne and roses — stocks were flat at Friday’s open and it only got sloppier from there.
Wall Street isn’t getting any help from Washington to close the week, either.
Debt ceiling talks ground to a halt once again… Meanwhile, Federal Reserve Chair Jerome Powell teased markets on Friday, saying that while interest rates may not need to be hiked as high as he once thought, the Fed is committed to doing what it has to bring inflation down.
All of that noise, combined with quarterly options expiration, made for a slow day on the scanner… And what names we did see were the usual suspects — growth and tech stocks like Tesla and Netflix along with AI-related names like Google parent Alphabet, and Palantir.
When markets go quiet like they did Friday, sometimes the best thing a trader can do is go outside away from your screens where your mouse button can’t get you in trouble…
Check out the video and I’ll show you what I’m doing…
Best,
Lance
P.S. These Pink Arrows Are Guideposts to More Confident Trading
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